Inceptionr LLC Cuts Stake in Arrow Electronics, Inc. (NYSE:ARW)

Inceptionr LLC reduced its stake in Arrow Electronics, Inc. (NYSE:ARW) by 43.0% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 3,822 shares of the technology company’s stock after selling 2,879 shares during the period. Inceptionr LLC’s holdings in Arrow Electronics were worth $432,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its holdings in shares of Arrow Electronics by 71.9% in the 3rd quarter. Pacer Advisors Inc. now owns 2,094,555 shares of the technology company’s stock worth $278,220,000 after buying an additional 876,396 shares during the last quarter. Greenhaven Associates Inc. boosted its holdings in shares of Arrow Electronics by 1.1% in the 4th quarter. Greenhaven Associates Inc. now owns 1,904,857 shares of the technology company’s stock worth $215,477,000 after buying an additional 20,484 shares during the last quarter. State Street Corp boosted its holdings in shares of Arrow Electronics by 0.3% in the 3rd quarter. State Street Corp now owns 1,689,695 shares of the technology company’s stock worth $224,442,000 after buying an additional 4,811 shares during the last quarter. Lind Value II ApS boosted its holdings in shares of Arrow Electronics by 36.3% in the 4th quarter. Lind Value II ApS now owns 648,637 shares of the technology company’s stock worth $73,374,000 after buying an additional 172,669 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in shares of Arrow Electronics by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 498,907 shares of the technology company’s stock worth $56,436,000 after buying an additional 14,971 shares during the last quarter. 99.34% of the stock is owned by hedge funds and other institutional investors.

Arrow Electronics Price Performance

NYSE ARW opened at $109.35 on Friday. The company has a market cap of $5.70 billion, a PE ratio of 15.02, a price-to-earnings-growth ratio of 0.52 and a beta of 1.26. Arrow Electronics, Inc. has a 52 week low of $103.40 and a 52 week high of $137.80. The company has a quick ratio of 1.08, a current ratio of 1.46 and a debt-to-equity ratio of 0.48. The firm’s 50-day simple moving average is $112.14 and its two-hundred day simple moving average is $121.06.

Arrow Electronics (NYSE:ARW) last announced its quarterly earnings results on Thursday, February 13th. The technology company reported $2.97 earnings per share for the quarter, beating the consensus estimate of $2.80 by $0.17. Arrow Electronics had a return on equity of 9.69% and a net margin of 1.40%. Research analysts predict that Arrow Electronics, Inc. will post 10.57 earnings per share for the current year.

Analyst Ratings Changes

ARW has been the topic of several recent research reports. Wells Fargo & Company dropped their price objective on shares of Arrow Electronics from $100.00 to $98.00 and set an “underweight” rating on the stock in a report on Friday, February 7th. Bank of America downgraded shares of Arrow Electronics from a “neutral” rating to an “underperform” rating in a report on Friday, February 7th. Two research analysts have rated the stock with a sell rating, two have assigned a hold rating and one has issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Arrow Electronics currently has a consensus rating of “Hold” and a consensus target price of $121.25.

Insider Activity

In other news, CAO Yun Sung Cho sold 353 shares of the company’s stock in a transaction dated Monday, February 24th. The stock was sold at an average price of $112.11, for a total transaction of $39,574.83. Following the sale, the chief accounting officer now directly owns 1,549 shares in the company, valued at $173,658.39. This represents a 18.56 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.00% of the company’s stock.

Arrow Electronics Profile

Arrow Electronics, Inc provides products, services, and solutions to industrial and commercial users of electronic components and enterprise computing solutions in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company operates in two segments, Global Components and Global Enterprise Computing Solutions.